Knowledge Centre
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How companies reckon with past wrongdoing
HBR IdeaCasr, Harvard Business Review, 18 January 2022Assistant professor Sarah Federman of the University of Baltimore discusses how companies handle their historical misdeeds, and what that means for employees and customers. From firms that backed slave owners to companies that transported Holocaust victims, many legacy companies can find they played a role in past transgressions. Federman makes...
corporate reputation
Wealth of 10 richest men doubled during pandemic as 99% of incomes dropped: Oxfam
Catherine Thorbecke, ABC, 18 January 2022The 10 richest men in the world doubled their fortunes during the COVID-19 pandemic, an Oxfam report has found. Oxfam’s findings highlight how the global health crisis has deepened the divide between the haves and have-nots as well as the need for policy intervention to address...
socio political environment
Larry Fink’s letter to CEOs: The power of capitalism
Larry Fink, BlackRock, 18 January 2022Each year, BlackRock CEO Larry Fink publishes a letter to business leaders and CEOs. This year, Fink writes about the power of capitalism and how stakeholder capitalism is not about politics. It is capitalism driven by mutually beneficial relationships between organisations and the employees, customers, suppliers, and communities the company...
socio political environment
Three ways for businesses to fuel innovation and drive performance
Grant Alexander Wilson, The Conversation, 18 January 2022Businesses have experienced unprecedented operational disruptions and market uncertainties due to the COVID-19 pandemic. Accordingly, many business executives are prioritising innovation to enhance competitiveness and performance in 2022. This is easier said than done, as the list of supposedly essential innovative practices is extensive and...
measurement
How social enterprises can help corporations meet their ESG goals
Yasmina Zaidman and Asa Skogstrom, Harvard Business Review, 18 January 2022The private sector is undergoing a seismic transformation, driven in part by the climate crisis, COVID-19, and extreme financial inequality. These external factors have prompted the world’s corporate leaders to focus on their social responsibilities and make bold commitments to environmental, social, and governance (ESG) goals. To deliver on...
csr
‘Pharma bro’ Martin Shkreli banned for life from drug industry
Michael Sisak & Jennifer Peltz, The Sydney Morning Herald, 17 January 2022‘Pharma bro’ Martin Shkreli must return US$64.6 million in profits he and his former company reaped from jacking up the price and monopolising the market for a lifesaving drug, a US federal judge has ruled. Shkreli has also been barred from the pharmaceutical industry for...
socio political environment
Online privacy & technology shaping society
Big Ideas Podcast, ABC, 17 January 2022This episode of the Big Ideas podcast explores how digital technology has kept us connected through the COVID-19 pandemic. However, it has also meant an increase in privacy concerns. The podcast investigates whether rapid technological change demands a new social system, and if it is disrupting our social and political systems...
socio political environment
Walmart is quietly preparing to enter the metaverse
Lauren Thomas, CNBC, 16 January 2022Walmart appears to be venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs. The big-box retailer filed several new trademarks late last month that indicate its intent to make and sell virtual goods. In a statement, Walmart said it is “continuously exploring how emerging technologies may shape future...
socio political environment
Why a wide-scale return to the office is a myth
Alex Christian, BBC, 15 January 2022For two years, employees have been waiting for ‘the day’ when everyone goes back to the office. The expectation was that once the pandemic had ended, everyone would collectively resume pre-Covid patterns of office-based working - yet that’s not how things have turned out. Two years on, employees around the world continue to face ongoing...
socio political environment
The new age of interventionism - the big state is back in business
Money Talks Podcast, The Economist, 13 January 2022In this episode of Money Talks, the panel discusses how governments around the world are deciding it is time to bring big business to heel. The podcast also explores how a suite of old tools is being dusted off and reimagined—from a return to picking winners to turning the century-old global tax system on its head, implying the big...
socio political environment